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<p>[QUOTE=&quot;GoldFinger1969, post: 4330214, member: 73489&quot;]What could cause a problem this time is this is truly global -- only China seems to be making a &quot;V&quot; recovery (at least their stock market has).</p><p><br /></p><p>This is truly global....Europe is in a world of hurt, we could be seeing another Euro-EU flareup in coming months once The Great Virus Crisis is no longer dominating headlines.&nbsp; Like WW II, the economy and rebuilding is pushed off the front pages.</p><p><br /></p><p>I think the hit to net worths could be greater in Europe because of the manufacturing and tourism hits.&nbsp; I just saw that AirBnB -- one of the most valued private equity &quot;unicorns&quot; -- had to pay 10% for debt and the valuation is nearly half from 3 years ago.&nbsp; Who&#039;s to say it won&#039;t be cut in half in another 6 months ?&nbsp; CEOs who bought assets in the last year (Altria-JUUL, Occidential-Anadarko) have been burned bigtime.</p><p><br /></p><p><u>If corporations and the wealthy retrench, expect high-end items like art, coins, real estate to take big hits, too.&nbsp; When your net worth takes a 50% haircut -- let alone 75% -- you still may never have to work in your life, but suddently instead of having 5 hourses, you might just have 3 homes.&nbsp; Instead of 6 cars, you might have 3.&nbsp; Instead of buying a coin or art collection for $40 million, you might say you&#039;ll go as high as $15 MM or pass.</u>[/QUOTE]</p><p><br /></p>

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